IVV, AAPD: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Core S&P 500 ETF, where 34,150,000 units were destroyed, or a 3.1% decrease week over week. Among the largest underlying components of IVV, in morning trading today Nvidia is up about 0.5%, and Apple is lower by about 1.1%.

And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily AAPL Bear 1X ETF, which lost 1,200,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

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